Archive for October, 2008
What are all the Income tax deductions in a Payroll from Philadelphia PA?
geniepr asked: My husband is getting paid $12/hr this payroll gross was $918. The deductions are $278.40 (child support) and all the other taxes deductions. I see everything in order but they started also holding Philadelphia local Income tax for $88.04. I did know about Federal Income tax and PA income [...]
Why do low income families in the US receive a bigger tax check from the government at the end of the year?
Daniel asked: I need to know why, and how the income distribution works, and where the money returned to these low income families come from.
Serious answers please.
I know the money comes from the Gov’t, but where is the Gov’t getting this money to spend?
What is the income requirement for renting an apt in Atlanta?
danielchoo79 asked: I’m looking to get a place with my girlfriend. Does anyone know if the income requirement is based on both of our income together or individually? Thanks.
What percentage of your income should you spend on a mortgage? I dont want to overextend my budget?
egaudetteumd asked: Im 25, I am in shock when i see my friends (same age, same entry level income) go out and buy 250k-300k houses like its nothing. They dont have 20 bucks to fill up the gas tank but they can afford 250k house??? I dont want to be in [...]
What kind of income does a certified personal trainer have?
The Lion asked: I enjoy exercise and bodybuilding very much and am thinking of becoming a certified personal trainer. What kind of income does a certified personal trainer have ( I live in South Texas)? Please list any perks as well.
What’s the difference between operating income, and revenue?
Willzville asked: OK there’s this company I’m doing a school report on. Its says it makes the following:
Revenue: $626.7 Mill
Gross Profit: $291.6 Mill
Operating Income: $63.4 Mill
Total Net Income: $45.1 Mill
Why is the revenue & gross profit so much higher than the operating and net income? How is the revenue and operating income different, and how [...]
What is the minumum income in order to report and pay taxes?
Advisory Service asked: What is the minumum annual income for reporting your income to the IRS?
What is the minumum annual income for paying taxes to the IRS?
Who is considered when determining household income by the IRS?
J. G. asked: I just got an apartment with my fiancee for tax purposes are both of our incomes considered household income. She has her own bills that she pays and I have my own and we split the rent.
We don’t plan on getting married for two years.
Is social security income subject to any government or other deductions?
Les R asked: Once you reach retirement age and receive social security, assuming you get the typical medicare packages, is the income subject to deductions?
How does a rental mortgage and rental income affect your debt ratio?
David E asked: For instance:
Is it $1500 rental income – $1000 rental mortgage = $500 added to your income only
or
Is $1500 of rental income added to your total income and $1000 added to your total debt and they are considered separate of each other in the ratio?
